Cannabis Business License
Following the legalization of cannabis in Thailand, new opportunities have emerged for businesses in this growing industry. This favorable market comes with supportive regulations, but it’s crucial for businesses to understand the regulatory framework, the application process, and key considerations when entering the Thai cannabis market, including the types of cannabis activities and required licenses.
Eligible cannabis business activities in Thailand include importing seeds, producing cannabis products, extracting cannabis for medical and academic purposes, cultivating cannabis, and distribution
Cannabis businesses require business licences/certificates to operate legally. The main licences are: Cultivation/Growing Licence, Import/Export Licence and Distribution Licence.
Cannabis extracts with more than 0.2% THC are considered a narcotic substance. Therefore, any items to be produced or sold must be 0.2% THC or less.
Why work with VB and Partners?
Embarking on a business venture, especially in a foreign land, can appear overwhelming. At VB & Partners, we understand this challenge and our experts are ready to assist with your needs. Our comprehensive range of services covers every step, from initial business feasibility assessments to complete incorporation and the start of your business operations.
Navigating local laws and regulations is a paramount concern for foreign enterprises. Our tailored solutions alleviate this complexity, ensuring unwavering adherence to legal mandates. Backed by a team well-versed in the intricacies of the Thai market and regulations, ensuring the smooth operation of your business.
VB & Partners takes pride in its assembly of seasoned experts. Ranging from Incorporation, Accounting & Secretary Services to Immigration and Real Estate, VB & Partners stands as your premier destination for all your legal and accounting needs.
What does this package include
- Document Preparation: Our experts will work closely with you to obtain and collate all the required documents and complete the application forms ready for submission.
- Submitting the Application: Our experts will submit the application to the local government office. We will also liaise with the officers through the consideration and review process to ensure complete awareness of the application status.
- Collection of the Cannabis Business Licence: Our experts will collect the documents on your behalf once the Licence has been approved and issued.
- Post-approval procedure: Our experts will keep you up-to-date with any compliance requirements.
- Answering questions concerning the Cannabis Business Licence.
What you must know before applying
Book a Call with our expert
Up to an hour consultation on setting up a company with the Cannabis industry in Thailand
We will provide you with information on key areas such as; company structure, taxes, accounting and other general aspects of opening a company in Thailand. We will also answer any other legal questions you may have to provide you with a clear overview.
If some extra research is necessary to answer your questions, our experts will check and revert to you with complementary elements by email.
This consultation is provided by legal experts in English or in French.
Frequently Asked Question
Yes, you can start a cannabis business in Thailand. However, as a foreigner, you are required to establish a Thai Limited Company with at least 50% of the share capital owned by Thai shareholders. Nominee shareholders are prohibited.
No, only Thai nationals are allowed to grow cannabis plants in Thailand. However, individuals can register their plants through the ‘Plookganja’ website or application to obtain a growing license on behalf of stakeholders.
Yes, you need a cannabis production license from the Thai FDA to cultivate cannabis in Thailand. Each cultivation site requires a separate license.
Yes, you can export cannabis flowers from Thailand, but it is restricted to medical marijuana and subject to strict criteria. Importing other parts of the cannabis plant is not possible.
To start a cannabis business in Thailand, you need to establish a Thai Limited Company with Thai shareholders owning at least 50% of the share capital. You must obtain the necessary licenses depending on the activities you plan to undertake, such as cultivation, distribution, processing, or import/export.
CBD (cannabidiol) is legal in Thailand as long as the products contain less than 0.2% THC. However, it is important to comply with other licensing and regulatory requirements, such as obtaining a food production license from the Thai FDA, when manufacturing or selling CBD products.
The medical cannabis market in Thailand was valued at US$ 122.1 Million in 2022, the market is projected to reach US$ 1,408.0 Million by 2028, with a significant growth rate (CAGR) of 53.2% during the period from 2023 to 2028.